CPI Aerostructures announced that Lockheed Martin Aeronautics placed an additional $9 million order for Rudder Island Drag Chute Canister (RI/DCC) assemblies for the F‑16 Block 70/72 fighter jets. The order is part of a long‑term agreement and will be delivered through 2028, extending CPI’s production schedule for the program.
The new order adds to CPI’s defense‑centric backlog, which already accounts for 96 % of its $506 million backlog. The $506 million figure reflects the company’s focus on defense contracts, and the 96 % defense share underscores the strategic importance of Lockheed Martin as a customer.
The order reinforces CPI’s position as a key supplier for Lockheed’s F‑16 fleet and provides a steady revenue stream for the next several years. By securing multi‑year delivery commitments, CPI gains predictable cash flow and strengthens its long‑term relationships with major U.S. defense OEMs.
CPI’s CEO and President, Dorith Hakim, said, “The F‑16 Fighting Falcon remains the world’s most advanced 4th‑generation fighter aircraft ever built, operating in more than 29 countries. CPI is honored to support Lockheed Martin’s F‑16 production line with mission‑critical structural assemblies, leveraging our proven capabilities in the assembly and integration of complex, mixed‑commodity aerostructures and aerosystems. Day in and day out, Lockheed Martin, and our other OEM and DoD customers depend on CPI to deliver world‑class manufacturing, engineering, program and supply chain management to support our war fighters.”
For investors, the additional Lockheed order represents a moderate but meaningful boost to CPI’s future cash flow and backlog health. While the contract is a relatively modest portion of the company’s overall revenue, it strengthens the company’s long‑term defense relationships and supports its strategy of deepening ties with major U.S. defense OEMs.
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